Charles Schwab Investment Management Inc. Buys 2,865 Shares of RH (NYSE:RH)

Charles Schwab Investment Management Inc. lifted its stake in RH (NYSE:RH) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 187,699 shares of the company’s stock after purchasing an additional 2,865 shares during the period. Charles Schwab Investment Management Inc. owned about 1.01% of RH worth $73,876,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in RH. Two Sigma Advisers LP lifted its stake in RH by 141.5% in the third quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock worth $53,375,000 after acquiring an additional 93,500 shares during the period. Artemis Investment Management LLP purchased a new stake in RH in the fourth quarter worth about $31,384,000. Proficio Capital Partners LLC purchased a new stake in RH in the fourth quarter worth about $19,674,000. WCM Investment Management LLC purchased a new stake in RH in the fourth quarter worth about $18,006,000. Finally, Portolan Capital Management LLC purchased a new stake in RH in the third quarter worth about $5,177,000. 90.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling at RH

In other news, insider Eri Chaya sold 10,000 shares of RH stock in a transaction on Monday, January 6th. The stock was sold at an average price of $416.27, for a total transaction of $4,162,700.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction on Friday, January 17th. The stock was sold at an average price of $447.20, for a total value of $2,361,216.00. Following the transaction, the chief accounting officer now owns 484 shares in the company, valued at approximately $216,444.80. This represents a 91.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,880 shares of company stock worth $29,129,879. Corporate insiders own 28.10% of the company’s stock.

RH Stock Down 1.2 %

RH opened at $230.68 on Wednesday. RH has a 52-week low of $212.43 and a 52-week high of $457.26. The company has a market cap of $4.29 billion, a P/E ratio of 66.29, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. The firm’s 50-day moving average price is $381.86 and its 200-day moving average price is $354.06.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The firm had revenue of $811.73 million during the quarter, compared to analysts’ expectations of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.42) EPS. On average, research analysts anticipate that RH will post 4.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RH shares. Stifel Nicolaus upped their price objective on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Wells Fargo & Company increased their price target on shares of RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Guggenheim increased their price target on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Loop Capital increased their price target on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Finally, Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $431.60.

About RH

RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.